Plan Snapshot
- Plan Sponsor: Lake Area Discovery Center
- Sponsor EIN: 411937239
- Sponsor Address: 3770 BELLAIRE AVENUE, WHITE BEAR LAKE, MN, 55110
- Plan Type: 401(k)
- Total Participants: 237
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 237 | $1.2M | $0 | $298,865 |
| 2023 | 173 | $906,906 | $0 | $268,669 |
| 2022 | 160 | $581,466 | $0 | $230,076 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHECHTER DOKKEN KANTER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $24,903 | $5,325 | — | — | — |
| 2023 | $17,563 | $4,093 | — | — | — |
| 2022 | $23,176 | — | — | — | — |